EUR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0084%/8h= −9.2% APRnext payment −$0.10 per $10,000 · paid last 24h −0.089%

Price spread now: Lighter against Pacifica+0.070%7-day average +0.092% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$340.338% of the position

Long on Pacifica Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.225%−$23 on $10k

Price spread, last 4 days (all we have)−0.010%−$1 · spread now +0.070%, 7d avg +0.092%

Together, before fees−0.236%+ Points / potential airdropPacifica: Active · Lighter: Season 3 · farm board−$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Lighter is 0.023% cheaper against Pacifica than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.092%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica EURUSD	1.1467	0.0100	pay 0.0013% / 1h	27m 01s	$190K	$147K	50x
Short	Lighter EURUSD	1.1475	0.0016	get 0.0002% / 1h	27m 01s	$2.1M	$534K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Pacifica. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PacificabpFee LighterbpOrdersPrice spread, now +0.070%Rate

Funding earned: −$17.64
Price spread: +0.070% → +0.092%: −$2.27
Slippage, 4 orders: −$25.82
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$53.74
Costs to cover: 0.338%
Break-even: never at this rate

Slippage from Pacifica: live order book, 51 min ago; Lighter: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Pacifica live order book, 51 min ago	3.05 bp	13.2 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	1.04 bp	5.3 bp −$5	12.6 bp −$126	48.1 bp −$4,815	doesn't fit

EUR on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC EUR_USDT	−0.0140%	4h	1.1465	−0.017%	$6.8M	$152K	100x	as long as short
Kraken Futures PF_EURUSD	−0.0095%	1h	1.1463	−0.031%	$3K	—	50x	as long as short
Bybit EURUSDUSDT	0.0000%	8h	1.1475	+0.072%	$584K	$279K	100x	as long as short
Gate EURUSD_USDT	0.0000%	8h	1.1477	+0.087%	$142K	$4K	100x	as long as short
Bitget EURUSDUSDT	0.0000%	8h	1.1472	+0.044%	$250K	$26K	100x	as long as short
Orderly PERP_EURUSD_USDC	0.0000%	8h	1.1463	−0.035%	$198K	$111K	50x	as long as short
SunX EURUSD-USDT	0.0000%	1h	1.1472	+0.044%	—	$2.6M	10x	as long as short
HTX EURUSD-USDT	0.0000%	1h	1.1474	+0.061%	$13K	$257K	20x	as long as short
Nado EURUSD-PERP	+0.0006%	1h	1.1465	−0.014%	$466K	$265K	40x	as long as short
Lighter EURUSDshort	+0.0016%	1h	1.1475	+0.070%	$2.1M	$534K	50x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended EUR-USD	+0.0032%	1h	1.1463	−0.034%	$6.7M	$1.8M	100x	as long as short
Injective EURUSD/USDC PERP	+0.0033%	1h	1.1470	+0.030%	$9K	$78K	101x	as long as short
Vest EUR-USD-PERP	+0.0046%	1h	1.1495	+0.243%	—	$287K	100x	as long as short
Pacifica EURUSDlong	+0.0100%	1h	1.1467	long leg	$190K	$147K	50x
Hotstuff EURUSD-PERP	+0.0104%	1h	1.1472	+0.044%	$33K	—	50x	as long as short
Aevo EURUSD-PERP	+0.0104%	1h	1.1475	+0.066%	$12K	—	10x	as long as short
tradeXYZ xyz:EUR	+0.0184%	1h	1.1472	+0.044%	$23.2M	$2.4M	50x	as long as short
Hibachi EUR/USDT-P	+0.0184%	1h	1.1467	−0.003%	$165K	$8.4M	30x	as long as short